Trade Rules

1. Order Types

Smart Limit	Instant order execution	Limit + FOK + Slippage Tolerance Control	Open Position, Add Position, Reduce Position, Close Position
Limit Order	pending order placement	Limit Order	Open Position, Add Position, Reduce Position, Close Position Take-Profit & Stop-Loss
Market Order	pending order placement	Smart Order Splitting + Micro-Swap	Close Position Take-Profit & Stop-Loss

2. What is Slippage Tolerance?

Slippage Tolerance refers to the maximum allowable price deviation between the execution price and the expected market price. The system implements this through a "Limit + Fill-or-Kill (FOK)" order combination strategy:

• Limit Order: Sets a price ceiling (for buy orders) or floor (for sell orders)

• FOK (Fill-or-Kill): Requires immediate full execution or automatic cancellation

Example (0.1% slippage tolerance):

• Accumulation orders: Limit price = Last price × (1 + slippage tolerance)

• Hedging orders: Limit price = Last price × (1 - slippage tolerance)

Note:

• Transactions exceeding slippage tolerance will be automatically rejected

• Higher tolerance increases fill rate but may result in less favorable prices

• Adjust tolerance carefully based on market depth

3. Applicable Scenarios

Slippage tolerance applies only to:

• Open Position

• Add Position

• Reduce Position

• Close Position

Note: Must be configured separately for each scenario in the app (settings are not shared).

4. Leverage Ratio

Leverage Ratio = Position Value / Initial Margin

Note:

• Actual leverage may deviate from initial ratio due to:

  • Trading fees

  • Interest charges

  • Position adjustments (increases, margin top-ups, withdrawals)

5. Trading Fees

MP Spot VIP1 fee schedule applies:

• Maker: 0.08%

• Taker: 0.09%

Example: For a 1 BTC buy order (taker): Final received amount = 1 × (1 - 0.09%) = 0.9991 BTC

6. Position Increase

6.1 Requirements

• Account risk ratio within safe threshold

• Sufficient available borrowing limit (real-time calculation displayed)

6.2 Max Increase Function

• Clicking "Max" automatically calculates maximum possible increase

• If failed due to price fluctuations:

  • Refresh for latest data

  • Re-enter amount or adjust slippage tolerance

6.3 Order Execution Method

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7. Position Decrease

Available methods:

• Smart limit orders

• Market orders

Important Notes:

• Decreases trigger automatic loan repayment

• Positions automatically close when loans are fully repaid

• Remaining assets settle to your leverage account

• Large positions may require batch reductions

• Small positions may use micro-swap processing

8. Position Closing

Available methods:

• Smart limit orders

• Market orders

Settlement Process:

1. System sells portion of position to repay loans

2. Remaining assets settle in your chosen currency

3. Small over-selling may occur to ensure full repayment

4. Currency conversion performed if settlement currency differs from loan currency

9. Leverage Account Assets for Spot Trading

I. Asset Visibility & Trading Permissions

Asset Dashboard:

• Available balance

• Frozen amounts (Visible in Assets page)

Spot Trading:

• Available balance can be used directly (no manual transfer required)

• Supported order types:

  • Limit orders

  • Market orders

II. Execution Rules

Micro-Swap:

• For orders < 10 USDT

• Executed at real-time market rates

• No additional fees

Standard Orders:

• For orders ≥ 10 USDT

• Processed through regular order book matching

Reducing and Closing Positions

• Order Execution: The system prioritizes limit orders. Specifically, within the slippage tolerance range, it will place orders using the Limit + FOK method to secure the best possible execution price. During this process, the system may apply smart order-splitting strategies to manage situations like overselling, overbuying, and handling small exchanges.

• Leverage Ratio: Leverage ratio = Held Assets / Initial Margin. Due to factors like transaction fees, interest, and potential changes to the position (such as adding, replenishing, or partially withdrawing assets), the actual leverage ratio may gradually diverge from the initial leverage ratio.

• Trading Fees: The product adheres to the VIP1 fee rate for MP Spot, as follows:

  • Maker: 0.08%

  • Taker: 0.09%

  Each transaction reflects net results after fees. For instance, if aiming to hold 1 BTC, after a complete transaction (assuming a taker order), the resulting holding amount would be: 1 x (1 - 0.09%) = 0.9991 BTC.

• Adding and Reducing Positions: When remaining balance and risk levels allow, you may add to your position. The maximum allowable addition amount will be calculated and displayed in the app. If you select the maximum value when adding, market fluctuations may hit the upper limit, requiring you to re-enter the position.

  When reducing a position:

  • Since this triggers automatic repayment, the system may oversell a small portion of your assets. Once repayment is complete, the system will repurchase the asset in your chosen settlement currency.

  • If your position size is substantial and reaches the single-transaction limit set by the trading channel, you may need to reduce in stages.

  • For very small remaining positions, the system may use small exchanges to finalize the transaction.

Transaction details are viewable on the transaction history page. Both adding and reducing positions support slippage tolerance.

• Closing a Position: When ending an asset-holding or hedging strategy, you can select the settlement currency on the page. The system will automatically calculate and sell a portion of your assets to repay the loan, with the remaining amount settled in the chosen currency and transferred to your leverage trading account.

  Note: When closing a position, to ensure full repayment, the system may slightly oversell assets. If the settlement currency differs from the borrowed currency, the proceeds from overselling will be converted into your chosen settlement currency.